CADCHF The Target Is UP! BUY!
My dear followers,
This is my opinion on the CADCHF next move:
The asset is approaching an important pivot point 0.6552
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6579
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Trading-signals
USDCHF Sellers In Panic! BUY!
My dear friends,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.8943 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8985
Recommended Stop Loss - 0.8918
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NATGAS My Opinion! SELL!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 2.313 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.282
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USDJPY: Pullback From Support 🇺🇸🇯🇵
USDJPY looks very oversold after a strong bearish rally last week.
The price is currently testing a confluence zone based on a daily
and 4H horizontal supports.
As a confirmation, the pair formed a cup & handle formation on that
and broke its neckline.
I think that the price will reach 159.0 level today.
❤️Please, support my work with like, thank you!❤️
The Psychology of Trading:Identifying and Overcoming FrustrationFrustration in trading is an emotional state that traders experience as a result of unsuccessful trades, losing money, or being unable to follow their trading plan. It can be caused by a number of factors including unexpected changes in the market, errors in analysis or lack of discipline. Frustration occurs when expected results do not match reality or when a trader fails to achieve his or her goals.
Imagine this scenario: you've been eyeing a specific gift for your birthday, available exclusively at a single store. However, when the time finally arrives to make the purchase, you discover that the item is sold out – and there's no alternative option. This sense of disappointment, accompanied by feelings of annoyance and irritation, is a common experience known as frustration.
In the context of trading, frustration can manifest in similar ways. Imagine spending hours analyzing market trends, only to watch your carefully crafted trading plan fall apart due to unexpected market fluctuations. Or, picture yourself agonizing over a losing trade, unable to extricate yourself from a losing position despite your best efforts. In both cases, the emotional toll can be significant, leading to feelings of frustration that can compromise your decision-making and ultimately impact your overall performance.
📍 THE IMPACT OF FRUSTRATION IN TRADING:
➡️ Emotional Responses to Trading Challenges. Traders may experience a range of emotional responses to trading challenges, including irritation, anger, anxiety, and depression. Frustration can be particularly debilitating, as it can lead to feelings of dissatisfaction with oneself due to perceived missed opportunities or imperfect decisions.
➡️ Self-Doubt and Loss of Confidence. Frustration can also erode a trader's confidence in their abilities. A series of losing trades can lead to self-doubt, causing a trader to question their skills and judgment. This can have a negative impact on subsequent trades, ultimately resulting in significant losses.
➡️ Impulsive Decision-Making. Frustration can also prompt traders to re-evaluate their earlier decisions and seek changes to their strategies without sufficient analysis. This impulsive decision-making can lead to further mistakes and exacerbate the situation.
➡️ Loss of Motivation. As frustration builds, traders may experience a loss of motivation. The desire to achieve a goal or make progress in the market can fade, leaving them feeling disconnected from their trading activities. Without motivation, traders are less likely to make informed decisions or take calculated risks, which can hinder their long-term success.
Frustration in trading can have far-reaching consequences, extending beyond the trading arena to impact one's overall well-being. Prolonged frustration can lead to nervous system disorders, insomnia, depression, and even unhealthy habits. However, in the early stages, frustration can be leveraged as a motivating force. Its benefits include:
⚡️ Increased Motivation and Perseverance: Frustration can propel an individual to redouble their efforts and push harder to achieve their goals. Those who are initially unsuccessful may be more likely to give up, but those who persist despite setbacks can emerge stronger and more resilient.
⚡️ Creative Problem-Solving: Frustration can stimulate innovative thinking and inspire out-of-the-box solutions. When standard approaches fail, individuals may need to think creatively to overcome challenges, leading to novel and effective problem-solving strategies.
📍 MANAGING FRUSTRATION: A STEP-BY-STEP APPROACH
To effectively manage frustration, it's essential to first acknowledge and accept your emotions. Recognize when you're feeling frustrated and avoid denying the issue. Instead, focus on finding solutions.
🔹 Identify the Root Cause. To address the frustration, identify the specific trigger or event that led to it. This could be a particular action, situation, or decision. Once you understand the cause, you can develop a plan to address it.
🔹 Develop a Plan of Action. Create a plan that outlines potential solutions to the problem causing your frustration. This will help you feel more in control and empowered to take action.
🔹 Seek a Fresh Perspective. Talking to someone about your frustration can provide a valuable fresh perspective. They may help you see the situation from a different angle, and you may realize that the problem is not as severe as you thought.
🔹 Set Realistic Goals. When setting goals, aim for something achievable. Setting unrealistic expectations can lead to disappointment and further frustration. Instead, strive for a middle ground that is challenging yet attainable.
🔹 Work on Your Self-Esteem. Maintaining a healthy self-esteem is crucial for confidence and setting realistic goals. Avoid underestimating or overestimating your abilities, and focus on building a balanced sense of self-worth.
🔹 Emotional Management. Lastly, learn to manage your emotions by quickly shifting your focus away from negativity. Try to find something positive in the situation or practice mindfulness techniques to maintain a calm and centered state.
📍 CONCLUSION
In the realm of trading psychology, several emotions and thought patterns are common pitfalls that can hinder performance. Frustration, Fear of Missing Out, and rumination are all closely related to mistakes and failures, which can snowball into negative consequences if left unchecked. However, it is crucial to recognize that these psychological states can be transformed from liabilities into assets.
By acknowledging our mistakes, incorporating them into our learning process, and approaching challenges with creativity and resourcefulness, we can turn any psychological obstacle into an opportunity for growth. By doing so, we can break free from the cycle of negative thinking and cultivate a mindset that is resilient, adaptable, and ultimately successful.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
GOLD A Fall Expected! SELL!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2410.9 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2377.8
Recommended Stop Loss -2433.7
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPNZD Trading Opportunity! SELL!
My dear followers,
I analysed this chart on GBPNZD and concluded the following:
The market is trading on 2.0774 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0726
Safe Stop Loss - 2.0808
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDCHF The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.5485
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5463
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USOIL Massive Long! BUY!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 82.14
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 82.92
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GOLD The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the GOLD next move:
The instrument tests an important psychological level 2401.8
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2367.2
My Stop Loss - 2425.4
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CHFJPY Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for CHFJPY below:
The price is coiling around a solid key level - 177.58
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 178.35
Safe Stop Loss - 177.07
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USDJPY On The Rise! BUY!
My dear friends,
Please, find my technical outlook for USDJPY below:
The price is coiling around a solid key level - 158.97
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 160.06
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZDUSD The Target Is DOWN! SELL!
My dear followers,
This is my opinion on the NZDUSD next move:
The asset is approaching an important pivot point 0.6121
Bias - Bearish
Safe Stop Loss - 0.6140
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6093
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPAUD Under Pressure! SELL!
My dear subscribers,
GBPAUD looks like it will make a good move, and here are the details:
The market is trading on 1.9038 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.9001
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURCAD Technical Analysis! SELL!
My dear followers,
This is my opinion on the EURCAD next move:
The asset is approaching an important pivot point 1.4821
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4783
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURCAD A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.4776
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4729
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CHFJPY Buyers In Panic! SELL!
My dear followers,
I analysed this chart on CHFJPY and concluded the following:
The market is trading on 179.60 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 179.11
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPCAD Under Pressure! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7486
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7406
My Stop Loss - 1.7536
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NIKKEI225 Bullish Breakout! Buy!
Hello,Traders!
NIKKEI225 is trading in
An uptrend and the index
Made a bullish breakout
Of the key horizontal level
Of 41,000 and the breakout
Is confirmed which reinforces
Our bullish bias and makes
Us expect a further move up
Buy!
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Check out other forecasts below too!
AUDCAD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The instrument tests an important psychological level 0.9181
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9147
Recommended Stop Loss - 0.9204
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURGBP My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8440
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8451
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK